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Technology Stocks : INFOSEEK (GO)
GO 10.83-2.9%Dec 12 9:30 AM EST
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To: Sabrejet who wrote (4400)4/19/1998 11:10:00 PM
From: Craig Rogers  Read Replies (2) of 9343
 
seczebra: The volume tells me a lot of people bought this stock for what ever reason. A lot of momentum players and those who believe and bought to hold. Many bought above $40 for two days. Did those people sell?

This stock certainly has drawn a lot of attention to it now, being on the most active list. I don't think it's going away anytime soon.

I know one thing I kick myself over and over again for not selling on Thurs.

I have no idea what's it going to do. It could fool all of us. I've tried to figure out chart patterns and to me it's a guessing game. If it was that simple well you know the rest.

For example: KTEL, I bought it at 24, it went down to 19 and sold thinking it was going to tank as another internet hyper. Friday it went up 7 1/2. Fooled me. It must of got a lot of shorts surprised too.

So, what about SEEK?

I might trade it some next week. On Friday I was trying to trade it but my stinking quote server was slow as molasses, it was driving me nuts. I never saw it so slow, so I could not respond to the swings fast enough, so I just watched. I did finally sell and then bought 1/2 back near the bottom.

In the long run I belive SEEK will be a keeper. Short term?

What's that song? We've only just begun.

good trading

Craig
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